Sunday, 30 April 2017

Scheme or scam?: Multi-level marketing companies often conduct presentations to potential members promising financial freedom and a better lifestyle

There is no fast track to getting profits or income. Nothing can replace hard and honest work.

IT’s now called the money game but it has been around for awhile, only that it was referred to as multi-level marketing (MLM) or pyramid scams.

There seems to be a resurgence of such scams recently probably due to the economic slow down. While it may be safer to put one’s money in the bank, the reality is that the interest is not that great. It’s the same with unit trust investments.

So, there’s little surprise that many people are attracted to MLM scams, with its huge returns, although they know there’s always a risk behind these schemes (or scams).

These people are seemingly prepared to take the plunge.

New recruits are told to just deposit RM5,000 and stand to gain RM1,000 every month. That’s so attractive – and that is also how one gets sucked into the game.

Imagine this – if there are over 20,000 members and each of them places RM5,000 in the scheme, that works out to a whopping RM100mil collected. The numbers get higher with more members recruited.

And we wonder why there are not many reports made by the victims to the police or Bank Negara Malaysia against these con artists.

I have a relative who pours scorn on his father who works very hard to put food on the table but this arrogant young punk thinks he can make a huge pile of money without selling anything or working for anyone.

Another friend, who declared himself to be mentally-challenged to escape the bill collectors, used to laugh at those studying hard for their exams.

He said although he was illiterate, he would soon make millions and hire graduates to work for him. Of course, he didn’t see his millions.

These people were driven by pure greed, really. Social media is filled with stories of young people making tonnes of money, often living in Dubai, or driving around in gold-plated luxury cars.

Sometimes, famous personalities are dragged in to be part of these advertisements – without their consent, naturally.

Of course, Google and Facebook are not responsible for these fake news and fake advertisements.

The scams include binary option trading which is essentially an unregulated, and sometimes, fraudulent, mainly offshore activity.

Binary option trading involves predicting if the price of an underlying instrument – shares or currencies, for instance – will be above or below a specified price at a specified point in time, ranging from a few minutes to a few months in the future.

Those involve in it receive a fixed amount of money if the prediction is correct or lose the investment otherwise. It is essentially a “yes” or “no” betting, hence the name binary, according to one report.

But that’s another story.

The one that is hitting Malaysians – particularly those in Penang where many scams seem to surface – is the straightforward MLM.

To be fair, there are legitimate MLM businesses. These actually sell products. Members have to sell real products to earn their income, and not sell membership.

You know you are getting into a pyramid scam when they tell you to just put your feet up and get more people to join in.

The MLM is simply about finding new members – or rather, new victims. It is as good as paying you some silly fake gold coins. In some cases, even so-called virtual coins.

You are told that the more members you recruit, you will double or triple your income. The pyramid will come crashing down once no new members are recruited anymore.

But some dubious MLM have gotten smarter. They sell products but they are mostly “worthless” goods like accessories, stones, cosmetics, health and beauty products, among other things. Some sell low-quality health gadgets with unproven scientific claims.

Come on, don’t tell me your home is filled with air purifiers and magic water dispensers? Or you have some lucky charm? Or stones?

According to Mark Reijman, who advocates financial literacy, these MLM use cheap products to hide the fact that members are actually investing in a pyramid scheme,

He said the products are there simply to hide the truth. Members are investing in a pyramid scheme!

“If the MLM cannot explain the source of profits or give details about the technology of the products, or do not permit you to show your contract to outsiders, they are hiding the fact that their product is useless and the profits come from new recruits and not from product sales.

“Be wary when you are asked to buy a large inventory of the product. Don’t fall for ‘patented’ or alleged ‘US technology’ or secret recipes. It’s all smoke and mirrors.”

He advised the public to be on the alert if the product is not sold through regular channels that have served societies for millennia, such as stores and (online) market places.

“If it is such a great product, why can it not be sold through other channels? Perhaps because those channels don’t allow you to recruit new members and they want to protect their reputation against fake or low quality products?”There is a lesson here – nothing can replace the old fashioned values like hard work and having honest earnings. Greed should be kept at bay.

In short – pyramid schemes are unstable because at every new level it will require more recruits in an exponential manner, as Reijman warns.

Soon, the scam will run out of people who fall for the scam, at which time the payments stop and that’s when press conferences are called by the victims.

Millions lost because of a hacking job? – now that’s something new.

By wong Chun Wai On the beat

Wong Chun Wai began his career as a journalist in Penang, and has served The Star for over 27 years in various capacities and roles. He is now the group's managing director/chief executive officer and formerly the group chief editor.On The Beat made its debut on Feb 23 1997 and Chun Wai has penned the column weekly without a break, except for the occasional press holiday when the paper was not published. In May 2011, a compilation of selected articles of On The Beat was published as a book and launched in conjunction with his 50th birthday. Chun Wai also comments on current issues in The Star.

Published on 28 Jan 2017 Jack Ma shares his views on globalization and Donald Trump's populist rhetoric. ---------------------------------------------------------------------------------------------------------- Jack Ma founded Alibaba Group, the world's largest collection of e-commerce websites. The Hangzhou, China-based company operates sites

https://youtu.be/yfJlOdgopDo

Published on 24 Mar 2017
In a press conference on March 24, Alibaba Group founder and business magnate Jack Ma spoke about bringing business to Malaysia, his role as the Malaysian Government's digital economy adviser, the Digital Free Trade Zone and his electronic world trade platform initiative. Here is the full press conference of what happened that day.

Jack Ma's Top 10 Rules For Success

Published on 2 May 2015
✎ Jack Ma is a Chinese business magnate who achieved major success and became a billionaire by founding Alibaba group, a family of successful Internet-based businesses. Jack Ma started his business with $20,000 that his wife and friend helped him raise. He is the first mainland Chinese entrepreneur to appear on the cover of Forbes. He is one of the richest people in the world with an estimated net worth o

Sunday, 23 April 2017

The colour orange: Oren refers to the orange colour of the T-shirts that those arrested by the MACC have to wear when they are brought to court.

THE Malaysian Anti-Corruption Commission (MACC) has been in the news almost daily with its arrests of politicians and businessmen, many carrying the Tan Sri and Datuk Seri titles.

This has become the subject of conversation among Malaysians.

To help foreigners, especially those doing business here in Malaysia, below is a compilation of terms that are often used to denote corrupt practices. To the clueless, these words could easily be misunderstood.

Worse, it could land unsuspecting expatriates in serious trouble with the law, especially with the MACC, if they use these seemingly innocent terms without realising their implications.

Here’s a list of everyday words and how they are used.

Jalan – this is a Bahasa Malaysia word for “road”. On the surface, it sounds simple and straightforward. Every road sign begins, mostly, with this word to denote, well, road. If only it was that simple. In reality, it could be the beginning of a corrupt offer.

If someone asks you: “You got jalan ah?” It doesn’t mean seeking assistance for a road direction. In the Malaysian context, it probably means “is there a way to resolve a complicated situation?” Some may argue the word need not necessarily be “illegal” as it could also mean finding a clever way out of a problem.

Kabel – the Malay word for “cable”. Cables are strong, thick wires, which are usually twisted or braided together. Well, in Malaysia, it also means someone in position – a very powerful person, often a politician in high office, or a senior government officer, who is able to help secure a big contract or deal. So, if someone asks whether “you have kabel?” you shouldn’t look puzzled or confused.

It simply means you need to have the support of an influential figure who is as strong as a cable. It’s no longer good enough to “pull strings” but you must be able to “pull cable” for your plans to get off.

Lubang – it literally means a hole. Most Malaysians grumble about lubang or the numerous pot holes along our badly maintained roads. The vulgar ones uses this word with a sexual connotation.

But in the more sleazy world of bribery, lubang means an opportunity, usually an illegal way, to make money. It has nothing to do with holes, as the word suggests.

Kau tim – this is a Cantonese word, which has actually become a Malaysian word, used by all races. It means finished, done or resolved. As simple as that.

But it is also a way of expressing agreement, or to settle a problem with bribery. For example, if you are stopped by a traffic cop for a traffic offence, you may say “boleh kau tim ah?” or the policeman may suggest “macam mana mau selesai, mau kau tim kah?”

"Lu tak mau kau tim, mesti susah punya. Nanti kena pi balai, pi court.” (If you do not wish to settle, it can be difficult. You may have to go to the police station or even the court.)

Ta pau – I always thought that this Chinese word means to pack food or a take-away, but it has come to mean a greedy corrupt person who wants to take away the entire loot all for himself without sharing with anyone, as in “he wants to ta pau everything, how can? So greedy one.”

So, no expatriate who has just arrived in town should go around telling everyone that he wants to “ta pau” everything he can lay his hands on. He can be sure of getting strange, hostile stares.

Selesai – it means to end or the end. It could be the end of a movie, the end of a meal or the end of a relationship. It’s a really simple word but in the Malaysian context of corruption, it means “how to resolve this?” or “it has been settled.”

Usually, the act of corruption will begin with a simple question – “So, macam mana mau selesai?” or “how do we settle this?”. For sure, it won’t be a challenge to a fight or a gentlemanly end to a problem with a handshake. Don’t be stupid. It’s an invitation to begin negotiation for, errr, a bribe.

The English version is also often used, as in “can settle ah?”

Lesen kopi – This has to be the Corruption 101 lesson for our young drivers. It is the first step into the world of corruption in Malaysia. Nobody wants to admit it but going by hearsay and unsubstantiated remarks, many Malaysians taking their driving test believe that they need to bribe the examiner in order to pass the very first time. Lesen kopi means bribing to get a driving licence.

So, they earn what is known as “lesen kopi” or licences obtained via corrupt ways, or duit kopi. Small gratification for “coffee” for the testers. Coffee, not tea. Strangely, there is no such term despite our fondness for teh tarik.

It may sound terribly confusing to tea drinking foreigners but please don’t think that this is the reason why so many Malaysians kill themselves or each other on our roads.

Ikan bilis – it refers to anchovies, those tiny fish, usually fried, found in our national food, the nasi lemak. But it also means small fry. So when low-ranking government officers are arrested for corruption, the MACC is often criticised for just going after the ikan bilis and not the bigwigs, known as sharks in the Malaysian context.

Makan duit – Makan essentially means to eat. There’s no way, literally, that a person can eat a ringgit note. But it is synonymous with taking a bribe. It may be confusing to a foreigner as it may seem impossible to eat stacks of ringgit notes but this is Malaysia. We are versatile as well as adaptive. Many people will tell foreigners that they are able to, well, makan duit. Can one, who say cannot?

Oren – It’s not orange juice. It refers to the colour of the round-collared T-shirts that those arrested by the MACC have to wear.

This is the dreaded colour for all suspects, in handcuffs, being led to court in full view of the press.

You can be in red or yellow but orange is a no-no. The new term now is “jangan oren” or “don’t be in orange.”

On The Beat by Wong Chun Wai, The Star

Wong Chun Wai began his career as a journalist in Penang, and has served The Star for over 27 years in various capacities and roles. He is now the group's managing director/chief executive officer and formerly the group chief editor.

On The Beat made its debut on Feb 23 1997 and Chun Wai has penned the column weekly without a break, except for the occasional press holiday when the paper was not published. In May 2011, a compilation of selected articles of On The Beat was published as a book and launched in conjunction with his 50th birthday. Chun Wai also comments on current issues in The Star.

Biggest seizure: A case that caught the attention of the nation was the seizure of cash, jewellery and other expensive items from the homes of two former top Sabah Water Department officials in October last year.

ONE need not go far to see how effective the Government can be when dealing with highly problematic issues involving people who blatantly do not comply with the rules.

After the National Higher Education Fund Corp (PTPTN) issued a warning to loan defaulters that they would be blacklisted and may not be able to travel abroad, the repayment of their loans increased. There is almost a 300% jump in withdrawals from the Employees Provident Fund’s (EPF) account for education purposes – rising from RM578mil in 2015 to RM1.48bil last year.

According to officials from the EPF, the bulk of the money withdrawn has been channelled toward the repayment of loans owed to PTPTN.

Clearly, the prospects of being blacklisted – a record that will remain forever – and the possibility of being stopped at the airport before leaving overseas for a holiday are reasons enough for them to repay their loans.

The lackadaisical attitude of those who have taken student loans is just another sign of apathy. The former students who are now young working adults know very well that they have an obligation to repay the loans.

However, they do not bother to do so until measures are put in place to hit them hard where it matters.

On a larger scale, corruption is a big problem in Malaysia. It is a major problem that has reached a state where most companies set aside a certain amount to “grease” key people to get jobs.

Everybody knows the danger of getting caught but the practice continues. Towards this end, the Malaysian Anti-Corruption Commission (MACC) has, in recent months, been on overdrive to nab those suspected of corrupt activities.

But has the message that the MACC means business been drilled down?

In South Korea, former president Park Geun-hye was detained on April 1 ahead of her trial. Prosecutors said the allegations against her were grave and the other suspects in the case, including her confidante Choi Soon-sil and Samsung heir Lee Jae-yong, have already been arrested.

In that country, it’s clear that corruption will not be tolerated. Those being investigated will be put behind bars even before the trial starts.

In the last few months, a regular feature in newspapers is the string of high-profile personalities who have been arrested for allegations involving bribery or money laundering.

They include politicians, civil servants, heads of government-linked funds and businessmen. Those who solicit bribes and the parties that give the money or even facilitate bribery have been arrested and remanded.

Some of them have been charged before being let off on bail.

Pictures of the persons involved are all over the newspapers and social media. In some cases, names are mentioned.

The “shaming and naming” of the people hauled up and being investigated is damaging. It is the talk of the town – especially among the private-sector businessmen.

However, there are some reservations on whether the efforts by the MACC would pay off.

At the end of the day, what would matter is seeing how many get prosecuted successfully; how many are handed down custodial sentences.

And most importantly, the speed in which these cases are disposed of by the courts.

For now, most of these MACC cases are already being filed in court and some have been charged. But the trial proper is a process that is likely to take a long time.

And the danger is the momentum will slow down when there is no speedy end to the cases.

There is also the issue of managing perception when there are delays in the outcome.

For instance, two senior officials of the Federal Land development Authority (Felda) were charged with criminal breach of trust involving RM47.6mil for a sturgeon-breeding project in March this year. The offences were allegedly committed between January and July 2014. The hearing will probably start in a few months.

In the meantime, Felda continues to fight the battle to improve its perception on improving governance and returns on its investments.

The share price of Felda Global Ventures Holdings Bhd is a far cry from the valuations it fetched during its listing in 2012. The returns from the RM2bil that Felda has invested in Felda Investment Corp is nothing much to shout about.

One case that has caught the attention of the nation was the seizure of cash, jewellery and other expensive items from the homes of two former top Sabah Water Department officials in October last year.

According to reports, it took 30 MACC officers and 15 hours to count the cash of more than RM53mil that was seized.

The display of the stacks of bank notes seized from the homes is still an image that is popular on social media. The case, touted as the nation’s biggest corruption case involving RM61.4mil in cash and other assets, has been fixed for hearing in July and August this year. According to reports, some 200 witnesses will be called for the case.

When the case will be concluded is anyone’s guess. In the meantime, it leaves many wondering if the MACC would be successful in its efforts.

Corruption affects the country as a whole. It is estimated that there is a leakage of about 20% of the annual spending for projects and procurement. For instance, the Federal Government development expenditure for 2016 was about RM50bil and 20% is easily RM10bil.

Larger sums are budgeted for government agencies that are not part of the Federal Government balance sheet. This includes the likes of Mass Rapid Transit Corp Sdn Bhd that handles the rail infrastructure projects running into 10s of billions of ringgit. The government-linked companies are another set of entities with big budgets.

What the MACC needs now is a speedy end to such high-profile cases.

Whether the prosecution is successful or otherwise, a quick closure to such cases will help MACC instil public confidence in it. A strong finish to the investigations is much needed.

Friday, 21 April 2017

China's first cargo spacecraft, Tianzhou-1, was launched successfully at 7:41 pm Beijing Time Thursday, a crucial step for the country to build a space station by approximately 2022.

Lifted by a Long March-7 Y2 carrier rocket, Tianzhou-1 roared into space from Wenchang Space Launch Center in Hainan Province on Thursday evening.

The cargo ship will dock with the orbiting Tiangong-2 space lab, provide fuel and other supplies, and conduct space experiments before falling back to Earth. The launch of Tianzhou-1 was a "zero-window" mission, which means it had to be launched at precisely 7:41:28 pm, with no room for error, China Central Television reported.

The cargo ship is 10.6 meters long and has a maximum diameter of 3.35 meters. Its maximum takeoff weight is 13.5 tons, allowing it to carry over 6 tons of supplies. Tianzhou-1 is larger and heavier than Tiangong-2, which is 10.4 meters in length and has a maximum diameter of 3.35 meters, weighing 8.6 tons, the Xinhua News Agency reported.

"Tianzhou-1's cargo usually includes space food, medicine, water and so on, for three people's use for 30 days, but this time it is a unmanned flight, so we put simulated cargo that weighs the same in the spacecraft," Huang Weifen, deputy chief designer of China's manned space project astronaut system, told the Global Times.

The biggest challenge of this mission is that new spacecraft, new rockets and the new launch site need to match each other, Xu said. When Tianzhou-1 completes its mission, it will make an automatic destructive re-entry into Earth's atmosphere.

"This shows that China's environmental awareness of space has improved, and this is a good attempt to reduce space junk. Tianzhou-1 will fall into the South Pacific under our control when its mission ends," Xu said.

Advanced technology

Bai Mingsheng, chief designer of the cargo ship, told Xinhua that the cargo aboard the spacecraft weighs almost the same as the ship, exceeding the load capacity of Russian cargo ships in active service. If the Tianzhou-1 mission is successful, China will become the third country besides Russia and the US to master the technique of refueling in space.

"In general, Tianzhou-1's technology is definitely in the first-class around the globe, at the same stage as Russia and the US. Although Europe and Japan also have their own cargo spacecraft and their payload capacity is bigger than Tianzhou-1, they heavily rely on US and Russian technological support in various aspects," Song Zhongping, a military expert who served in the Second Artillery Corps (now known as the PLA Rocket Force), told the Global Times on Thursday.

From launch to automatic destruction, China's Tianzhou-1 doesn't need to rely on any other country's facilities or technology, and compared to the US' Cygnus and Dragon, its payload capacity is bigger and technologically more reliable and advanced in general, Song said.

Space ambition

China aims to build a permanent space station that is expected to orbit for at least 10 years, and the maiden voyage of the cargo ship is important as it will be a courier to help maintain the space station. Without a cargo transportation system, the station would run out of power and basic necessities, causing it to fall back to Earth before the designated time, Xinhua reported.

Currently, the only space station is the International Space Station (ISS), which was mainly pushed by the US and Russia and was launched in 1998. It should reach the end of its mission in 2020, but the US and Russia might decide to extend its lifetime a little bit, Song said.

According to previous reports in the Global Times, in order to prevent China from sharing in advanced space technology, the US always refused any attempt from China to join the ISS program, despite efforts China made in 2000.

"But we are going to have our own space station very soon. After 2020, China's Tiangong will very likely become the only space station in service, and will provide services to more developing countries so more countries can benefit from humanity's achievements in space technology," Song said.

Source: By Liu Yang in Wenchang and Yang Sheng in Beijing Source:Global Times Published: 2017/4/21 0:08:39

First cargo spacecraft boosts China's space dream

https://youtu.be/wjNT1p6Ayu8

WENCHANG, Hainan, April 20 (Xinhua) -- China has taken another step toward its goal of putting a space station into orbit around 2022, by sending its first cargo spacecraft Tianzhou-1 into space on Thursday evening.

Atop a Long March-7 Y2 carrier rocket, Tianzhou-1 rose into the air from the Wenchang Space Launch Center in south China's Hainan Province at 7:41 p.m.

China declared the launch a success after it entered designated orbit minutes later.

The cargo ship will dock with the orbiting Tiangong-2 space lab where two Chinese astronauts spent 30 days in the country's longest-ever manned space mission, provide fuel and other supplies to the latter, as well as conduct space experiments before falling back to Earth.

If the Tianzhou-1 mission is successful, China will become the third country besides Russia and the United States to master the technique of refueling in space.

China aims to build a permanent space station that is expected to orbit for at least 10 years, and the debut of the cargo ship is important as it acts as a courier to help maintain the space station.

Without a cargo transportation system, the station would run out of power and basic necessities, causing it to return to Earth before the designated time.

"The Tianzhou-1 mission includes the breakthrough of in-orbit refueling and other key technology needed to build a space station, laying a foundation for future space station operations," said Bai Mingsheng, chief designer of the cargo ship.

THREE DOCKINGS

Measuring 10.6 meters long and boasting a maximum diameter of 3.35 meters, the Tianzhou-1 cargo ship has a maximum takeoff weight of 13.5 tonnes, and could carry over 6 tonnes of supplies.

Tianzhou-1 is larger and heavier than Tiangong-2, which is 10.4 meters in length and has a maximum diameter of 3.35 meters, weighing 8.6 tonnes.

Bai said that supplies loaded on the cargo spacecraft are nearly as heavy as the ship's own weight, exceeding the loading capacity of Russian cargo ships in active service.

Tianzhou-1 will dock with Tiangong-2 three times, said Bai. After the first docking, aerospace engineers will test the controlling ability of the cargo spacecraft over the two spacecraft.

The second docking will be conducted from a different direction, which aims to test the ability of the cargo ship to dock with the space station from different directions.

In the last docking, Tianzhou-1 will use fast-docking technology. Previously, it took China about two days to dock, while fast docking will take about six hours, according to Bai.

Refueling is conducted during docking, a process that is much more complicated than refueling vehicles on land.

The refueling procedure will take 29 steps and last for several days each time.

This means the Tianzhou-1 will stay in space for about six months. It will fall into a designated sea area after fulfilling its tasks.

SUPPORTING SPACE STATION

Space cargo ships play a crucial role in the maintenance of a space station.

Cargo ships can send all kinds of supplies to the space station which can be an experiment field for developing technology in space.

Huang Weifen, a deputy chief designer of the Astronaut Center of China, said that supplies carried by Tianzhou-1 include goods that will meet the basic living and working needs of three astronauts for 30 days in space, including drinking water, oxygen bottles and nitrogen bottles.

Also onboard include facilities for microorganism tests, and sensors are installed to obtain data such as mechanics and temperature for the future design of the space suit outside a spacecraft.

"We hope to gather relevant data through this mission and accumulate experience for sending material for the future space station," she said.

VISION OF SPACE POWER

Although China has achieved many giant steps in space exploration, the country's space odyssey is far from over as it eyes building its own space station and far beyond that: landing on Mars.

The first step, to send an astronaut into space and return safely, was fulfilled by Yang Liwei in Shenzhou-5 mission in 2013.

The second step was developing advanced space flight techniques and technologies including extra-vehicular activity and orbital docking.

The final step will be able to operate a permanent manned space station.

Chinese scientists said they plan to launch a core module of the country's first space station around 2018, followed by two experiment modules.

The station in the primary stage will be composed of three modules: core module, experiment module I and experiment module II. Each module will weigh more than 20 tonnes and together the three will be structured in the shape of T. The core module will be in the middle with an experiment module on each side.

During its operation, the space station could be linked to one additional cargo ship and two manned spacecraft at one time, and the maximum weight of the whole assembly could reach up to 90 tonnes.

Based on such design, scientists will keep updating capsules in accordance with scientific research and extend their abilities.

With the International Space Station set to retire in 2024, the Chinese space station will offer a promising alternative, and China will be the only country with a permanent space station.

So far, China has successfully launched 11 Shenzhou series spacecraft, including six manned spacecraft that lifted 11 astronauts into space.

The country strives to realize the third step of its lunar program in 2017: sending Chang'e-5 lunar probe onto the moon which will return with samples.

Thursday, 20 April 2017

TWO IN COURT: Abd Latif (right) being brought to the Johor Baru Sessions
Court by anti-graft officers. He is alleged to have abetted property
consultant Amir Shariffuddin Abd Raud (left) in the land development
scandal.

After weeks of investigation, state executive councillor Datuk Abd Latif Bandi is finally brought to court to face 33 counts of graft. The land and housing scandal - one of Johor’s biggest corruption cases - is however set to widen as graft busters warn of more suspects to be charged soon.

MACC expected to haul up more people in land and housing scandal

JOHOR BARU: One of the state’s largest corruption scandals is about to get bigger as more people are expected to be hauled up to court in the coming weeks.

Among those to be charged, he said, were those who had been arrested previously.

However, he declined to reveal their names so as not to jeopardise MACC’s investigation, saying that no VIPs were involved.

“We are in the midst of completing our probe with the Deputy Public Prosecutor before charging them in court soon,” he told reporters after meeting MACC investigation director Datuk Simi Abd Ghani and Johor MACC director Datuk Azmi Alias here yesterday.

Azam said it was also possible for Abd Latif, who was jointly accused with property consultant Amir Shariffuddin Abd Raud of committing 33 counts of graft yesterday, to face another round of charges then.

It was reported that eight suspects, including Abd Latiff ’s eldest son as well as his special officer, were nabbed by the MACC on Feb 24.

Anti-graft officers detained them after sifting through stacks of documents seized from the state government and developers.

They also seized luxury goods, including 21 cars such as Bentley, Mercedes-Benz and Porsche, five high-powered motorcycles and 150 handbags.

On its probe into the purchase of real estate in Australia by Mara Incorporated Sdn Bhd, Azam said MACC called up 24 witnesses and visited seven premises, including a law firm, the offices of both Mara Inc and an appraiser, and their associates.

“All related documents have also been seized. We have gathered more new information, and it is a continuous investigation from the previous case in 2015,” he said.

“We need more time to complete this case as it involves another country.

“We have put in a request under a mutual legal assistance with the Australian AttorneyGeneral’s office but have yet to receive any response.

“We will also prepare the documents to be sent to Australia,” he said.

MACC had previously recorded the state- ment of suspended Mara chairman Tan Sri Annuar Musa over the same investigation.

Annuar also handed over several documents relevant to the case.

The issue came to light after Australian newspaper The Age claimed that several senior Mara officials and a former politician had spent millions of Malaysian Government funds to buy an apartment block, known as Dudley International House, in Melbourne

Azam said his officers were also in the midst of preparing a report into alleged match fixing by football players from the Malaysian Indian Sports Council-Malaysia Indian Football Association.

“We expect this case to be completed within two to three weeks after we hand over the report to the deputy public prosecutor for charging.

Source:The Star headline news

Slapped with 33 counts of graft

JOHOR BARU: State executive councillor Datuk Abd Latif Bandi has been charged in the Sessions Court here with 33 counts of graft, the earliest of which stretches back to just six months after he assumed office.

TWO IN COURT: Abd Latif (above) being brought to the Johor Baru Sessions Court by anti-graft officers. He is alleged to have abetted property consultant Amir Shariffuddin Abd Raud (below) in the land development scandal.

Abd Latif, 51, was sworn in to his post as Johor Housing and Local Government Committee chairman in 2013 and according to the list of charges, he allegedly abetted property consultant Amir Shariffuddin Abd Raud on Nov 13 that same year to convert bumiputra lots into non-bumiputra lots.

Yesterday, the court interpreter took about 15 minutes to read the list of charges to each of the accused in the case, considered one of the biggest corruption scandals in the state.

In total, Abd Latif is said to have abetted Amir, 44, to convert 1,480 houses.

He is also accused of helping to reduce the quantum of payment that developers had to contribute towards the Johor Housing Fund for converting these lots.

The offences, the last of which supposedly took place on Sept 13, 2016, involved payments of between RM100,000 and RM3.7mil.

Wednesday, 19 April 2017

Political parties should disclose all of their financing and expenditure, says Transparency International Malaysia.

“Political funding must be stated in the parties’ bank accounts and a properly audited account financial report must be published annually,” said its president Datuk Akhbar Satar.

“All ministers and top Govern­ment servants should also declare their assets to the Malay­sian Anti-Corruption Commission (MACC), and the chief commissioner should declare these to the Parliament,” he said.

Akhbar was commenting on the call by MACC for the Government to declare corruption and abuse of power as the country’s No. 1 enemy.

He said these declarations would be in line with the belief that “transparency and accountability begin at the top”.

“The public must also help MACC by reporting corrupt practices and cooperating in court,” he added.

After its debut in Thailand, Cambodia and Pakistan, Xi Jinping: The Governance of China has become a top seller and been well-received among local officials and scholars, with many hailing the value of the book for both its language and its outreach.

The book, which outlines the political ideas of the top leadership in China, has been released in Thai, Khmer and Urdu versions in the respective capitals of the three countries in the past two weeks.

A Thai publisher sold more than 2,000 copies of the book in a single day after its launch in Bangkok on April 7, with many readers inquiring on social media about ways to purchase the book, reported Xinhua news agency.

Thai Deputy Prime Minister Wissanu Krea-ngam, who had read the book, said it was written in beautiful language, even though it was not in the form of a novel or essays.

“I believe that to be a great leader, one has to be a good reader, good thinker, good speaker, good writer and good doer, and I found President Xi has achieved all of them after I finished reading this book,” he said.

In Phnom Penh, more than 700 officials, scholars and entrepreneurs, including Cambodian Prime Minister Samdech Techo Hun Sen and five deputy prime ministers, attended the launching ceremony for the book on April 11.

Chea Munyrith, director of the Confucius Institute of the Royal Academy of Cambodia, said publishing a Khmer version will enable the Cambodian people to better learn about China and Xi himself.

Chea, who assisted in the translation of the book into Khmer, said it offers insights for government officials and scholars on how to properly manage a country.

“That is why it is important for the officials, students and scholars in Cambodia to read through the book,” he said.

At the launching ceremony of the Urdu edition of the book in Islamabad on Friday, Pakistani Prime Minister Nawaz Sharif said the book is as much about the contemporary world as it is about China.

“What has touched me most is that this book is not just about high-level politics, but also about moving stories of common people, their lives and inspirations about hard work and family values,” he said.

“This book is as much about the “Chinese Dream” as it is about the global dream to have a peaceful, harmonious and connected world,” he added.

Building a community of shared destiny is an important concept embodied in Xi’s thoughts on governance of the nation, said Jiang Jianguo, deputy head of the Publicity Department of the Central Committee of the Communist Party of China and minister of the State Council Information Office.

“And this concept has been included in the resolutions passed by United Nations organisations,” Jiang said in Islamabad.